GBP USD Technical Analysis 22 January 2021
GBP USD Technical Analysis: The GBP rose 0.58% against the USD on Thursday and closed at 1.3730. Today in the Asian session, while GBP USD technical Analysis 28 December 2020 at 4:45 GMT, the GBP/USD is trading at 1.3670, which is 0.44% lower against the USD from yesterday’s close.
The pair is expected to find support at 1.3665 and a fall through could take it to the next support level of 1.3625 The pair is expected to find its first resistance at 1.3740 and a rise through could take it to the next resistance level of 1.3800. Today’s expected trading range is between 1.3600, support and 1.3800 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.3665
Support 2: 1.3625
Support 3: 1.3600
Important resistance levels:
Resistance 1: 1.3740
Resistance 2: 1.3770
Resistance 3: 1.3800
GBP/USD buying opportunity for intraday trading on January 22, 2021
Buy near the support zones 1.3625 and 1.3610 as soon as you get a reversal candlestick pattern, using a stop loss 2 points below the low of the reversal candle, and keep the target equal to the stop loss.
GBP/USD selling opportunity for intraday trading on January 22, 2021
Sell near the resistance zones 1.3740 and 1.3770 as soon as you get a reversal candlestick pattern, using a stop loss 2 points above the high of the reversal candle, and keep the target equal to the stop loss.